Rockets Waive House, Promote Mathews, Sign Queen

DECEMBER 18: The Rockets announced via a press release they have converted Mathews’ two-way contract into a standard contract, signed Queen to a two-way contract, and waived House.

DECEMBER 17: The Rockets are waiving Danuel House, signing two-way player Garrison Mathews to a standard four-year contract worth more than $8MM, and signing wing Trevelin Queen to a two-way deal, according to Adrian Wojnarowski and Tim MacMahon of ESPN (All Twitter links).

The Rockets had been looking for a way to create an opening on their 15-man roster in order to convert Mathews, and they’ve done so by waiving House. Bobby Marks of ESPN tweets that the Rockets will use a portion of their mid-level exception to convert Mathews to a standard contract.

The Rockets will be responsible for the full $3.9MM of House’s guaranteed contract this season, although he’s already earned approximately $1.4MM, so it’s really an additional $2.5MM, as Marks tweets.

House has been out of Houston’s rotation this season as the team prioritizes younger players. In 16 games this season (14.6 MPG), he averaged 4.8 PPG and 2.7 RPG on .338/.294/.895 shooting. If he clears waivers, he’ll become an unrestricted free agent.

The Rockets claimed Mathews off waivers the day before the season started and converted his Exhibit 10 deal into a two-way contract. He’s certainly earned his promotion to a standard deal; in 11 games since entering the starting lineup, Mathews has averaged 14.5 PPG and 3.8 RPG on .435/.378/.795 shooting in 33 MPG. He’s attempting 8.2 three-pointers (3.1 makes) and 3.5 free throws during that stretch, a very nice shot profile for an analytically-driven Houston team. The Rockets are 7-4 over those 11 games.

The 24-year-old Queen has been playing with Houston’s G League affiliate, the Rio Grand Valley Vipers. In 10 games with the Vipers, he’s averaging 22.0 PPG, 6.2 RPG, 4.3 APG and 2.9 SPG.

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